Financial Risk & Strategy Director

U.S. Bank; Chicago (IL); On-site; USD 250,000 - 300,000; Full time

Benefits offered by this job

Healthcare

401(k) and retirement plan

Paid vacation

Paid holidays

Parental leave

Disability insurance

Life insurance

Adoption assistance

Job summary

U.S. Bank is building a Financial Risk & Strategy function within Global Capital Markets.

The Director will lead strategic analysis and financial resource management across FICC, ensuring efficient deployment of capital, funding, and liquidity aligned with priorities. Reporting to the Head of FICC Financial Risk & Strategy, you will drive capital attribution methodologies and collaborate with Corporate Treasury on FTP and holdco debt analysis, shaping risk-adjusted performance and franchise

Qualifications

• 8+ years of experience in financial resource management, treasury, corporate development, or strategy within capital markets or banking.
• Strong understanding of balance sheet management, funds transfer pricing, and regulatory capital/liquidity frameworks (LCR, NSFR, CET1).
• Experience with broker-dealer capital frameworks (SEC Rule 15c3-1) a plus.

Responsibilities

• Support the FICC Balance Sheet Council, including balance sheet allocation, funding/liquidity analysis, and cross-LOB governance.
• Drive the build-out of G-SIB-standard P&L attribution capabilities, including consistent desk- and product-level decomposition of revenues, carry, funding, hedging, valuation adjustments, and key risk drivers.
• Develop capital attribution and allocation methodologies across FICC desks and products to support transparent risk-adjusted performance measurement, resource optimization, and strategic decision-making.
• Drive broker-dealer capital and funding analysis, including net capital frameworks (SEC Rule 15c3-1) and unsecured funding strategy.
• Partner with Corporate Treasury on FTP methodology, Section 23A lending, and holdco term debt analysis.
• Support preparation of rating agency materials and BTIG integration workstreams from a strategy and financial resource lens.
• Lead or contribute to strategic initiatives such as the FICC Junior Talent Program and other franchise-building efforts.
• Planning, Reporting & Regulatory Impact – Prepare balance sheet planning submissions and cross-LOB dashboards for senior management and planning cycles.
• Analyze regulatory developments (Category II transition, LCR/NSFR, AOCI/CET1) for their impact on FICC's financial resources

Skills

Financial analysis

Strategic planning

Treasury experience

Regulatory knowledge

Data modeling

Communication skills

FINRA knowledge

Education

Bachelor's degree

Advanced degree or CFA designation preferred

Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Business Overview

U.S. Bancorp Fixed Income, Currencies & Commodities (FICC) is building out a newly created Financial Risk & Strategy function to provide dedicated front-line risk management, financial resource management, and strategic oversight across the FICC businesses, including Macro (Rates / FX), Structured Credit, Working Capital Finance, Debt Capital Markets, Credit, and Commodities. This build-out coincides with U.S. Bancorp's transition across the Category II regulatory asset threshold and the integration of BTIG LLC's equities and prime brokerage capabilities, creating a highly visible mandate at the intersection of risk, finance, and strategy within Global Capital Markets.

Position Overview

Reporting to the Head of FICC Financial Risk & Strategy, the Director will lead strategic analysis and financial resource management initiatives across FICC businesses, including balance sheet allocation, funds transfer pricing, and broker-dealer capital and funding. This role partners closely with Corporate Treasury and Finance to ensure FICC's capital, funding, and liquidity resources are deployed efficiently against strategic priorities.

Key Responsibilities

• Support the FICC Balance Sheet Council, including balance sheet allocation, funding/liquidity analysis, and cross-LOB governance
• Drive the build-out of G-SIB-standard P&L attribution capabilities, including consistent desk- and product-level decomposition of revenues, carry, funding, hedging, valuation adjustments, and key risk drivers
• Develop capital attribution and allocation methodologies across FICC desks and products to support transparent risk-adjusted performance measurement, resource optimization, and strategic decision-making
• Drive broker-dealer capital and funding analysis, including net capital frameworks (SEC Rule 15c3-1) and unsecured funding strategy
• Partner with Corporate Treasury on FTP methodology, Section 23A lending, and holdco term debt analysis
• Support preparation of rating agency materials and BTIG integration workstreams from a strategy and financial resource lens
• Lead or contribute to strategic initiatives such as the FICC Junior Talent Program and other franchise-building efforts
• Planning, Reporting & Regulatory Impact – Prepare balance sheet planning submissions and cross-LOB dashboards for senior management and planning cycles
• Analyze regulatory developments (Category II transition, LCR/NSFR, AOCI/CET1) for their impact on FICC's financial resources

Basic Qualifications

• 8+ years of experience in financial resource management, treasury, corporate development, or strategy within capital markets or banking
• Strong understanding of balance sheet management, funds transfer pricing, and regulatory capital/liquidity frameworks (LCR, NSFR, CET1)
• Experience with broker-dealer capital frameworks (SEC Rule 15c3-1) a plus
• Bachelor's degree required; advanced degree or CFA designation preferred
• Strong analytical and financial modeling skills, with the ability to synthesize complex regulatory and financial topics into clear, decision-ready materials
• FINRA Series 7 and 63 licenses required, or ability to obtain within a defined onboarding period
• Excellent written and verbal communication skills, with experience preparing materials for senior management and governance committees

Preferred Skills / Experience

• Advanced degree or CFA designation
• Experience with broker-dealer capital, funding, and liquidity frameworks

Compensation & Benefits

Base pay for this role usually falls within $250,000 to $300,000. Additional considerations regarding base pay levels are based on candidate qualifications.

Your compensation expectations will be discussed with a U.S. Bank recruiter if you are contacted to discuss the role further.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind.

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

Pay Range: $152,370.00 - 186,230.00

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements).

U.S. Bank will consider qualified applicants with arrest or conviction records for employment.

U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA).

U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.